Gas Prices Going Up "For Your Benefit"

Hold on to your coin purse; gas prices are going up again. But this time, it's not the oil companies fueling the surge. It is Kentucky gas tax law.

Because gas prices hit their recent all time high, the tax is going up. Chuck Wolfe, spokesman for the Transportation Cabinet explains, "Under the law, the increase is triggered by the increase in the average wholesale price of motor fuel.”

Right now, the tax is 21 cents a gallon. Beginning July 1st, that goes up to 22.5 cents, which is a 1.5 cent increase. All that money goes into the Transportation Cabinet's road fund.

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